Caleres, Inc. (NYSE:CAL) Q2 2024 Earnings Conference Call September 12, 2024 10:00 AM ET Company Participants Liz Dunn - SVP, Corporate Development & Strategic Communications Jay Schmidt - President & CEO Jack Calandra - SVP & CFO Conference Call Participants Laura Champine - Loop Capital Markets Mitch Kummetz - Seaport Global Securities Josh Herrity - Telsey Advisory Group Chandana Madaka - KeyBanc Capital Markets Operator Good morning, and welcome to the Caleres Second Quarter 2024 Earnings Call. My name ...

LOS ANGELES, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Caleres, Inc. ("Caleres" or "the Company") (NYSE: CAL) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Caleres reported its second quarter 2024 on September 12, 2024. The Company repor ...

Key Takeaways Caleres, the parent of discount shoe retailer Famous Footwear, said weak demand, a later back-to-school period, and challenges with its resource planning system hurt second-quarter results. The footwear company missed quarterly profit and sales estimates, and cut its full-year outlook. The news sent Caleres shares into negative territory for 2024. Caleres (CAL) shares plunged Thursday when the footwear company significantly missed estimates and slashed its outlook on soft demand, a later back- ...

Caleres, Inc. (CAL) posted soft results in the second quarter of fiscal 2024, wherein the bottom and top lines missed the Zacks Consensus Estimate and fell year over year. The company posted adjusted earnings of 85 cents a share, lagging the Zacks Consensus Estimate of $1.21. Also, the bottom line decreased from 98 cents a share in the same quarter a year ago. Though the company's brands and products resonate with consumers, second-quarter results in both segments were weak. It also saw dull seasonal demand ...

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The footwear retailer's latest results disappointed the market. Shares of Caleres (CAL -18.60%), the parent of Famous Footwear and other footwear brands, were tumbling today after the company posted disappointing results in its second-quarter earnings report. As of 11:34 a.m. ET, the stock was down 19.1% on the news. Caleres misses the mark Caleres said revenue in the quarter was down 1.8% to $683.3 million, well below estimates at $723.8 million. Famous Footwear sales rose 1.5%, which included a later-than ...

Caleres Inc. (CAL) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -29.75%. A quarter ago, it was expected that this footwear wholesaler and retailer would post earnings of $0.86 per share when it actually produced earnings of $0.88, delivering a surprise of 2.33%. Over the last four ...

Exhibit 99.1 Caleres Reports Second Quarter Results and Updates Guidance ST. LOUIS, September 12, 2024 - Caleres (NYSE: CAL), a market-leading portfolio of consumer-driven footwear brands, today reported financial results for the second quarter 2024. ● Reported Sales of $683.3 million, down 1.8% year-on-year; ● Famous Footwear sales increased 1.5% versus the second quarter of 2023 with a later than expected back- to-school season; ● Brand Portfolio sales declined 5.1% versus the second quarter of 2023 due t ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Caleres Inc. (CAL) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of su ...

What's the Price-to-Sales Ratio? The price-to-sales ratio is often preferred over price-to-earnings, as companies can manipulate their earnings using various accounting measures. However, sales are harder to manipulate and are relatively reliable. Screening Parameters Debt to Equity (Most Recent) less than the Median Debt to Equity for its Industry: A company with less debt should have a stable price-to-sales ratio. Here are five of the 17 stocks that qualified after the screening: Caleres expects to contin ...